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Why You Should Be Collecting Customer Data – HindSight

Why You Should Be Collecting Customer Data

Collecting and using customer data may sound shady, but it’s a common practice that benefits both the business owner and the customer. Business owners can use customer data to make better product decisions for the consumer, and the consumer gets to use the enhanced products. This is the best way to keep your business model up-to-date.

Understand Your Demographic

Without customer information, you’ll have trouble communicating directly with your clients. You can also better understand how different people view your product. Successful companies are data-driven. To fully understand your clients, you’ll need to get to know them. Get to know things like their income level, what they value, and what their needs are so you know how best to market to them. 

Implement an Incentive Program

Implementing an incentive program is a great way to retain customers. An effective program considers what would be most valuable to patrons, and exceeding their current expectations. Collecting customer data helps you decide what types of incentives are most effective.

There are several ways you can go about doing this. A social media survey can be helpful if you have a large following. You could ask questions to gauge their interest in your business. Scouring the internet for reviews can also work, as you can see your company’s shortcomings and make plans to improve them. Customers who have supported your business for longer periods should receive a special award. Think about what that could be.

Improve Follow Up

Following up with customers is another effective way at retaining them. This would be impossible in most cases without collecting customer data. An email address should suffice for follow-up contacts, but occasionally a phone number could work as well. You can collect this information when people make their purchases online or in person.

Most companies will send their follow-up emails to their patrons who visited them that day. In them, customers can take a short survey or write a review of their experience. Sending it out shortly after their visit can give you the most accurate reviews possible since it will be in the customer’s mind.

Using all the technological advancements available today, customer data can be used in all sorts of effective ways. Gone are the days of guessing what the patron wants; say hello to digital information!

Read this next: How to Make Your Customers Feel Important